Russia reports budget surplus on booming energy profits ...News

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Oil and gas revenues added an extra $9 billion to Moscow’s coffers Russia’s budget surplus more than quadrupled in November, recording another month of significant growth in revenues from fossil fuels, according to the latest Finance Ministry report. Data released on Monday shows that the surplus reached 557 billion rubles ($9 billion) in the first 11 months of the year. That’s up from 128.4 billion rubles (over $2 billion) reported for January-October. The report said that revenues from oil and gas have been surging, already exceeding the full-year target in the first 11 months. The budget received more than 10 t

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